Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

How do you define 'modest' dilution?

Company currently has 300M shares authorized, almost all outstanding, BUT:

- 120M more common shares 'when available' are contractually committed to the two principals per employment contracts signed March 1, 2015 per the 10-K.

- There are also 30M preferred shares authorized, most of which are outstanding -- and convertible into common at 1:1.

That is 50% dilution, and counting, already in the bag.

Going forward, the company has a history of selling shares at less than 50% of public market pps for cash, plus giving out shares for services at similar discounts. Finally, the principals have been lending money to the company (this I consider bullish), convertible into stock at a significant discount.

One can hope that BMOC royalties will reduce the need for dilution caused per the last paragraph -- but 50% dilution is already in the bag.